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Joined 2 years ago
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Cake day: June 21st, 2023

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  • $3.4M is too low of an estimate. If you assume someone works from age 18 to 65, that’s 47 years of employment at an average of $72,300-ish per year. Now assume time for college, plus people make less early on in their careers. You’re looking at a $100k income.

    $100k is probably enough to support a mortgage, two kids, insurance, essentials, bills, and retirement savings in some LCOL areas, but not in many places. In many parts of the US, that might cover a modest house and monthly bills, but there won’t be much left over; forget retirement.

    My old brain still looks at a 6-figure income as “you’re rich.” In 2024, you’re not even close.



  • Outside of obvious ethnic names, which isn’t an issue here, how does the seller even know what a potential buyer looks like?

    I never spoke to the previous owner of my home, and I have no idea what they look like. The opposite is also true. I have a name on various forms, but that’s it. Our only correspondence was through various documents sent between our agents. I didn’t even see the seller at closing; we signed the closing documents at different times.

    It sounds like her real estate agent is on her side, so unless the agent was trying to sabotage the sale, how does this happen?